0000024972 00000 n Aligning SASB standards with existing reporting standards avoids additional costs for companies and aligns SASB’s work with global corporate transparency efforts. 27 54 0000014096 00000 n SASB’s standards are industry-specific, but are sorted by sector for your convenience. Carine Smith Ihenacho, Chief Corporate Governance 0000064484 00000 n SASB’s Materiality Map® provides investors and other market participants with a visual representation of their portfolio’s exposure to specific sustainability risks and opportunities. We urge for standardized, concrete and relevant sustainability data and we ask companies to go from words to numbers – because what gets measured gets managed. 0000003108 00000 n The tax function is transforming. Dynamic resources for board of directors and financial executives. Investors, lenders, insurance underwriters, and other providers of financial capital are increasingly attuned to the impact of environmental, social, and governance (ESG) factors on the financial performance of companies, driving the need for … 0000017044 00000 n

SASB has developed a complete set of 77 industry standards. In this Q&A with Neil Stewart, SASB’s Director of Corporate Outreach, Rudi Bless, Bank of…, Advocates of improved environmental, social, and governance (ESG) disclosures have long sought the end of silos, where interest in sustainability issues can extend beyond the company’s sustainability office to the…, We recently caught up with Beth Sasfai, Senior Vice President, Corporate Governance & Chief ESG Officer at Verizon, one of the world’s largest communications technology companies. 0000003641 00000 n 0000012983 00000 n 0000008006 00000 n

0000016152 00000 n Improve management of the non-financial factors that are key to your business and make more effective disclosures with SASB standards.

Market Informed: SASB standards are developed based on extensive feedback from companies, investors, and other market participants as part of a transparent, publicly-documented process. SASB standards may also be applicable to the disclosure of material sustainability … 0000011751 00000 n

As Sophia Mendelsohn, Head of Sustainability puts it: “The SASB standard for the airline industry offered a reporting solution for us, as it allowed us to better target investors by focusing on the ESG metrics material to our industry, rather than reporting on broad metrics that are less applicable to aviation.”, Laurel Peacock, Director of Sustainability 0000023131 00000 n 0000015198 00000 n 0000012140 00000 n For example, in Salesforce’s sustainability report, called the “FY19 Stakeholder Impact Report,” the company stated, “Th… 0000011282 00000 n

SASB concluded that, as long as a company puts in place appropriate controls and governance to ensure reliability, SASB would endorse the use of its standards in communications to investors other than SEC filings, such as in corporate websites, annual reports, sustainability reports, and elsewhere.

Officer, Norges Bank Investment Management, “As a long-term, universal investor, we have an interest in sustainable development. 0000005645 00000 n 0000001874 00000 n

0000009137 00000 n f˜ÓXË{‡e ×½¬¸Ä¦0j0ìĞá]qF¥y@šˆµ�XŠ�QWÊß ` j‘Lë endstream endobj 28 0 obj <>>> endobj 29 0 obj >/PageWidthList<0 612.0>>>>>>/Resources<>/Font<>/ProcSet[/PDF/Text]/Properties<>/XObject<>>>/Rotate 0/TrimBox[0.0 0.0 612.0 792.0]/Type/Page>> endobj 30 0 obj [31 0 R 32 0 R 33 0 R 34 0 R 35 0 R] endobj 31 0 obj <>/Border[0 0 0]/Rect[287.836 34.408 325.444 25.12]/Subtype/Link/Type/Annot>> endobj 32 0 obj <>/Border[0 0 0]/H/N/Rect[38.95 732.886 141.05 622.154]/Subtype/Link/Type/Annot>> endobj 33 0 obj <>/Border[0 0 0]/H/N/Rect[350.199 453.35 562.437 441.5]/Subtype/Link/Type/Annot>> endobj 34 0 obj <>/Border[0 0 0]/H/N/Rect[162.0 440.35 247.009 428.5]/Subtype/Link/Type/Annot>> endobj 35 0 obj <>/Border[0 0 0]/H/N/Rect[201.46 362.35 239.799 350.5]/Subtype/Link/Type/Annot>> endobj 36 0 obj <> endobj 37 0 obj <>stream While the SASB is not an authoritative standard setting body and use of such standards is not required, SASB standards are intended as a guide for voluntary reporting use by public companies in making disclosures on material sustainability factors in Forms 10-K, 20-F, and 40-F as required by existing U.S. regulation. 0000034274 00000 n 0000010289 00000 n 0000001376 00000 n

Innovative solutions to nonprofit organizations, helping clients position their organizations to navigate the industry in an intensely competitive environment. Read our newest corporate implementation case study, Read about ways to engage in SASB’s process, In July 2020, Bank of America published its first Sustainability Accounting Standards Board (SASB) report. What does the COVID-19 crisis mean for your business, and for you? 0000002978 00000 n 0000004813 00000 n 0000006850 00000 n 80% of CEOs think their company is approaching sustainability as a route to competitive advantage, but only 14% of investors believe the companies they invest in are doing so. 0000036085 00000 n 0000064424 00000 n 0000005534 00000 n 2.1 Identifying Use of the Standards When reporting using a SASB standard, an entity shall cite the relevant SASB standard in … LEARN MORE . Private Capital through Crisis: Calculating Risks. We welcome SASB’s work in developing industry-based standards for improved sustainability reporting.”, Sophia Mendelsohn, 0000036419 00000 n

View all 77 standards, analyze disclosure quality of SASB sustainability topics for 4,000+ companies’ public filings, examine and benchmark and more. Boards’ High Stakes Balancing Act: Navigating Through Crisis. 0000033856 00000 n When it comes to business, innovation is changing everything.

0000064655 00000 n 0000016636 00000 n JetBlue started reporting with SASB Standards in 2017 as a new way to meet their investors’ needs.

H‰\”Í�£0„ïv÷ !¤L²#å°?Úì> '‹´ä�CŞ~]T4#-ñ瀫ª1Mºİïöã°˜ôG˜ºƒ_Ìiûà¯Ó-tŞıy“¼0ıĞ-�ÙúÛ]Ú9IãâÃıºøË~. %PDF-1.4 %âãÏÓ 0000018169 00000 n 0000027752 00000 n We've created the BDO Library as a "go to" source for informative and thought provoking knowledge resources.

Because the use of the SASB standards is voluntary, requirements of a standard (as indicated by “shall” clauses), along with the guidance contained herein, refer to those conditions that must be followed in order for disclosure to be in conformance with the applicable industry standard(s). 0000004220 00000 n

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0000016235 00000 n Also see a partial roster of speakers and panelists at this year's event. Working Mother Names BDO USA, LLP as one of the 100 Best Companies. ]é2ù–Ä—ë¶O6MQi¼ä{Mò–EJµoñ= �ĞĞ4 èè 2…�Í;::@F1)Ut€ØÒ@¬˜µ@ ÄÀ(ݤ��Ø,¢ÊÀÏş†Á�é› �‚ø&9–ö)Œ,8U˜ô[Ü8¶ñ}àmc0Tˆc’bŒgšÃr‚ç€lë�h†�-ìol:,VÎi 0000064154 00000 n Subscribe to receive the latest BDO News and Insights, SASB Issues Sustainability Reporting Standards – Why Boards Should Take Notice, [2] Note: In 2017, the AICPA issued a guide, Business Restructuring & Turnaround Services, International Financial Reporting Standards, Financial Institutions & Specialty Finance, BDO Center for Corporate Governance and Financial Reporting, Sustainability Accounting Standards Boards (SASB), Sustainable Industry Classification System, corporate social responsibility (CSR) reporting, Organisation for Economic Co-operation and Development (OECD), International Organization for Standardization, International Integrated Reporting Council (IIRC), Global Initiative for Sustainability Ratings (GISR), Attestation Engagements on Sustainability Information (Including Greenhouse Gas Emissions Information), Vanguard’s renewed focus on sustainability, annual survey of public company board directors, Webinar: What’s on the Minds of Boards – BDO Board Survey 2018, Leader from the Top: Building Sustainability Competence on Corporate Boards, Getting Climate Smart: A Primer for Corporate Directors in a Changing Environment, Systems Rule: How Board Governance Can Drive Sustainability Performance, Leveraging the COSO Internal Control – Integrated Framework to Improve Confidence in Sustainability Performance Data, The Financial Performance of Sustainability: ESG and Risk, Center for Corporate Governance and Financial Reporting, https://www.sasb.org/wp-content/uploads/2018/09/SASB-Annual-Report-2017.pdf, Do Not Sell My Personal Information – For CA Residents as to BDO Investigative Due Diligence, Making the case for SME Sustainability Reporting, Oversight of Corporate Sustainability Activities Handbook, Realization: Tangible returns being realized in adoption of sustainable practices, Competitive differentiator: Use of voluntary disclosure as opportunity to tell unique stories to the marketplace which can serve as competitive differentiators, Capitalizing on investment trends: Cultivation and incorporation of evolving investing practices in companies that can demonstrate long term value creation initiatives, Demonstration of connected corporate strategy: Strengthening corporate strategy with forward-thinking, sustainable practices, Engagement of shareholders: Getting out in front of threat of increasing shareholder proposals focused on ESG, Protect reputation and improve public relations: Communicating fulfillment of a deemed duty by the market as a “good corporate citizen”, Attraction and retention of talent: A potential further differentiator in war for attracting and retaining good talent. 0000015643 00000 n

Verizon began using SASB…, Webinar: Conceptual Framework & Rules of Procedure Public Comment Launch, A4S & SASB Webinar – Leading the change: The CFO’s role in sustainable business, SASB & The UN Sustainable Development Goals Webinar, For Bank of America, Sustainability Isn’t an Either/or Proposition, Recent Articles: To Unlock ESG Value, Look to Compliance and Beyond, Verizon: Sending a Strong ESG Signal to Investors.

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